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Which Term Is Used to Describe an Online, Personal Journal

question 65

Multiple Choice

Which term is used to describe an online, personal journal in the form of a web page that contains posts on one or more topics which are usually displayed in reverse chronological order?​

Understand and apply the concept of depletion for natural resources.
Apply the concept of amortization for intangible assets.
Analyze and interpret fixed asset turnover ratios.
Understand the impact of asset revaluation and the resulting effect on depreciation expenses.

Definitions:

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during business operations.

Other Accounts

Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.

Account

A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.

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